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Callon Petroleum

DB:CE5
Snowflake Description

Very undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CE5
DB
$189M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in Permian Basin in West Texas. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Callon Petroleum has significant price volatility in the past 3 months.
CE5 Share Price and Events
7 Day Returns
-34.4%
DB:CE5
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-96.5%
DB:CE5
34.4%
DE Oil and Gas
-14.2%
DE Market
CE5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Callon Petroleum (CE5) -34.4% -77.1% -93.9% -96.5% -98.1% -97.1%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • CE5 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • CE5 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
CE5
Industry
5yr Volatility vs Market

Value

 Is Callon Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Callon Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Callon Petroleum.

DB:CE5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CE5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (1731.52%))
9.891
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:CE5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Callon Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CE5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 -46.52 Analyst x5 -42.10
2021 16.04 Analyst x5 13.14
2022 36.05 Analyst x2 26.73
2023 53.86 Est @ 49.39% 36.14
2024 72.41 Est @ 34.46% 43.97
2025 89.79 Est @ 24% 49.35
2026 104.77 Est @ 16.68% 52.12
2027 116.89 Est @ 11.56% 52.62
2028 126.21 Est @ 7.98% 51.43
2029 133.11 Est @ 5.47% 49.09
Present value of next 10 years cash flows $332.00
DB:CE5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $133.11 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$1,218.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,218.67 ÷ (1 + 10.49%)10
$449.42
DB:CE5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $332.00 + $449.42
$781.42
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $781.42 / 396.68
$1.97
DB:CE5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CE5 represents 0.49632x of NYSE:CPE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.49632x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.97 x 0.49632
€0.98
Value per share (EUR) From above. €0.98
Current discount Discount to share price of €0.24
= -1 x (€0.24 - €0.98) / €0.98
75.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Callon Petroleum is available for.
Intrinsic value
>50%
Share price is €0.236 vs Future cash flow value of €0.97769
Current Discount Checks
For Callon Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Callon Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Callon Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Callon Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Callon Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CE5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.24
NYSE:CPE Share Price ** NYSE (2020-04-08) in USD $0.48
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Callon Petroleum.

DB:CE5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CPE Share Price ÷ EPS (both in USD)

= 0.48 ÷ 0.24

1.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Callon Petroleum is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Callon Petroleum is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Callon Petroleum's expected growth come at a high price?
Raw Data
DB:CE5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
24.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:CE5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 1.99x ÷ 24.4%

0.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Callon Petroleum is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Callon Petroleum's assets?
Raw Data
DB:CE5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.13
NYSE:CPE Share Price * NYSE (2020-04-08) in USD $0.48
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:CE5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CPE Share Price ÷ Book Value per Share (both in USD)

= 0.48 ÷ 8.13

0.06x

* Primary Listing of Callon Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Callon Petroleum is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Callon Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Callon Petroleum has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Callon Petroleum expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Callon Petroleum expected to grow at an attractive rate?
  • Callon Petroleum's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Callon Petroleum's earnings growth is expected to exceed the Germany market average.
  • Callon Petroleum's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CE5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CE5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 24.4%
DB:CE5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 14.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CE5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CE5 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,387 976 284 1
2023-12-31 1,464 1,016 360 2
2022-12-31 1,180 959 180 4
2021-12-31 1,196 816 116 8
2020-12-31 1,183 828 160 8
2020-04-08
DB:CE5 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 629 476 56
2019-09-30 630 490 234
2019-06-30 637 493 222
2019-03-31 611 450 218
2018-12-31 552 468 293
2018-09-30 518 396 160
2018-06-30 451 334 139
2018-03-31 410 269 122
2017-12-31 344 230 113
2017-09-30 317 186 89
2017-06-30 289 177 93
2017-03-31 246 157 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Callon Petroleum's earnings are expected to grow significantly at over 20% yearly.
  • Callon Petroleum's revenue is expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CE5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Callon Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CE5 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.72 0.72 0.72 1.00
2023-12-31 0.71 0.71 0.71 1.00
2022-12-31 0.32 0.69 0.04 3.00
2021-12-31 0.24 0.73 -0.22 7.00
2020-12-31 0.35 0.62 0.15 7.00
2020-04-08
DB:CE5 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.24
2019-09-30 1.02
2019-06-30 0.98
2019-03-31 0.97
2018-12-31 1.35
2018-09-30 0.76
2018-06-30 0.68
2018-03-31 0.60
2017-12-31 0.56
2017-09-30 0.46
2017-06-30 0.52
2017-03-31 -0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Callon Petroleum is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Callon Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Callon Petroleum has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Callon Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Callon Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Callon Petroleum has delivered over 20% year on year earnings growth in the past 5 years.
  • Callon Petroleum's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Callon Petroleum's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Callon Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Callon Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CE5 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 628.92 55.63 48.36
2019-09-30 629.83 233.54 43.24
2019-06-30 637.27 222.47 43.58
2019-03-31 610.88 217.76 41.30
2018-12-31 551.87 293.07 35.29
2018-09-30 517.68 159.70 34.95
2018-06-30 451.34 138.85 32.49
2018-03-31 409.99 121.76 36.46
2017-12-31 344.08 113.13 33.42
2017-09-30 317.34 88.56 31.26
2017-06-30 288.66 92.62 31.89
2017-03-31 245.61 -10.87 25.94
2016-12-31 200.85 -99.11 26.09
2016-09-30 165.33 -210.68 25.84
2016-06-30 143.72 -343.78 22.15
2016-03-31 137.82 -278.80 21.41
2015-12-31 137.51 -248.03 23.24
2015-09-30 142.37 -115.90 18.37
2015-06-30 147.71 8.10 17.33
2015-03-31 148.97 17.81 21.30
2014-12-31 151.86 29.87 21.11
2014-09-30 135.78 14.17 26.23
2014-06-30 126.92 3.06 28.90
2014-03-31 109.18 0.37 23.90
2013-12-31 102.57 -0.32 20.43
2013-09-30 103.33 -2.05 17.82
2013-06-30 99.28 -2.26 17.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Callon Petroleum has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Callon Petroleum used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Callon Petroleum has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Callon Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Callon Petroleum has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Callon Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Callon Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Callon Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Callon Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Callon Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Callon Petroleum Company Filings, last reported 3 months ago.

DB:CE5 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,223.31 3,186.11 13.34
2019-09-30 2,468.65 1,190.65 11.31
2019-06-30 2,483.87 1,095.26 16.05
2019-03-31 2,428.45 1,319.87 10.48
2018-12-31 2,445.21 1,189.47 16.05
2018-09-30 2,288.31 1,053.53 12.13
2018-06-30 2,249.61 988.46 509.15
2018-03-31 1,911.14 670.37 18.47
2017-12-31 1,855.97 620.20 28.00
2017-09-30 1,832.87 595.12 61.61
2017-06-30 1,815.90 595.14 139.15
2017-03-31 1,780.03 390.54 35.27
2016-12-31 1,733.40 390.22 652.99
2016-09-30 1,100.72 290.09 325.89
2016-06-30 658.32 329.56 0.21
2016-03-31 415.55 289.06 9.51
2015-12-31 362.76 328.57 1.22
2015-09-30 367.08 399.00 1.92
2015-06-30 480.18 375.00 2.03
2015-03-31 487.55 337.00 2.14
2014-12-31 433.74 321.58 0.97
2014-09-30 415.75 102.50 7.19
2014-06-30 282.59 166.50 1.17
2014-03-31 280.58 121.32 1.74
2013-12-31 279.09 75.75 3.01
2013-09-30 276.61 125.22 0.87
2013-06-30 276.54 109.05 13.41
  • Callon Petroleum's level of debt (98.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (74.1% vs 98.8% today).
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 63.6x coverage).
X
Financial health checks
We assess Callon Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Callon Petroleum has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Callon Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Callon Petroleum dividends. Estimated to be 0% next year.
If you bought €2,000 of Callon Petroleum shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Callon Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Callon Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CE5 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CE5 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 2.00
2021-12-31 0.00 4.00
2020-12-31 0.00 5.00
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Callon Petroleum has not reported any payouts.
  • Unable to verify if Callon Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Callon Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Callon Petroleum has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Callon Petroleum's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Callon Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Callon Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Callon Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Callon Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Gatto
COMPENSATION $5,577,766
AGE 48
TENURE AS CEO 2.9 years
CEO Bio

Mr. Joseph C. Gatto, Jr., also known as Joe, has been the President of Callon Petroleum Company since August 24, 2016 and its Chief Executive Officer since May 2017 and served as its Treasurer since March 31, 2014 until April 2017. He is also its Director since May 10, 2018. Mr. Gatto served as the Chief Financial Officer at Callon Petroleum Company since March 31, 2014 until June 22, 2017. Mr. Gatto served as Senior Vice President of Corporate Finance and Senior Vice President at Callon Petroleum Company since April 2, 2012 and from April 5, 2012 to August 24, 2016 respectively. He oversees the Callon's capital markets and strategic planning functions, as well as investor relations activities. In February 2009, he founded MarchWire Capital, LLC and served as a Principal of MarchWire Capital, LLC. He served as a Managing Director of Barclays Capital PLC since joining in July 14, 2008. Mr. Gatto served as the Managing Director of Global Energy Investment Banking Group at BofA Merrill Lynch (formerly Merrill Lynch & Co., Inc.). Mr. Gatto also served as Head of Structuring and Execution with Merrill Lynch Commodities, Inc. from January 2010 until November 2011. He joined Merrill Lynch & Co.'s energy investment banking practice in Houston in 1997. He began his career in the finance industry in New York. Mr. Gatto graduated from Cornell University with distinction in 1992. He received his MBA with distinction from The Wharton School of the University of Pennsylvania in 1997.

CEO Compensation
  • Joe's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Joe's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Callon Petroleum management team in years:

1.8
Average Tenure
48
Average Age
  • The average tenure for the Callon Petroleum management team is less than 2 years, this suggests a new team.
Management Team

Joe Gatto

TITLE
President
COMPENSATION
$6M
AGE
48
TENURE
2.9 yrs

James Ulm

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
55
TENURE
2.3 yrs

Michol Ecklund

TITLE
Senior VP
COMPENSATION
$1M
AGE
44
TENURE
2.4 yrs

Jeff Balmer

TITLE
Senior VP & COO
AGE
54
TENURE
1.3 yrs

Greg Conaway

TITLE
VP & Chief Accounting Officer
AGE
44
TENURE
0.3 yrs

Mark Brewer

TITLE
Director of Investor Relations

Liam Kelly

TITLE
Vice President of Corporate Development
TENURE
1.2 yrs

J. Hastings

TITLE
Vice President of Marketing

Clay Bland

TITLE
Assistant Corporate Secretary & Risk Manager
Board of Directors Tenure

Average tenure and age of the Callon Petroleum board of directors in years:

3.9
Average Tenure
63
Average Age
  • The tenure for the Callon Petroleum board of directors is about average.
Board of Directors

L. Flury

TITLE
Non-Executive Chairman
COMPENSATION
$365K
AGE
71
TENURE
2.9 yrs

Joe Gatto

TITLE
President
COMPENSATION
$6M
AGE
48
TENURE
1.9 yrs

Tony Nocchiero

TITLE
Independent Director
COMPENSATION
$265K
AGE
67
TENURE
9.1 yrs

Matt Bob

TITLE
Independent Director
COMPENSATION
$260K
AGE
62
TENURE
6.1 yrs

Jim Trimble

TITLE
Independent Director
COMPENSATION
$255K
AGE
70
TENURE
6.1 yrs

Larry McVay

TITLE
Independent Director
COMPENSATION
$255K
AGE
71
TENURE
12.5 yrs

Michael Finch

TITLE
Independent Director
COMPENSATION
$245K
AGE
63
TENURE
4.9 yrs

Barbara Faulkenberry

TITLE
Independent Director
COMPENSATION
$245K
AGE
59
TENURE
1.9 yrs

Chip Johnson

TITLE
Director
AGE
62
TENURE
0.3 yrs

Frances Sevilla-Sacasa

TITLE
Director
AGE
63
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Callon Petroleum individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Buy Gregory Conaway Individual 19. Mar 20 19. Mar 20 100,000 €0.45 €44,822
12. Mar 20 Buy Steven Webster Individual 10. Mar 20 12. Mar 20 600,000 €0.47 €269,122
12. Mar 20 Buy Gregory Conaway Individual 11. Mar 20 11. Mar 20 200,000 €0.43 €85,979
10. Mar 20 Buy Steven Webster Individual 06. Mar 20 09. Mar 20 600,000 €1.30 €538,260
05. Mar 20 Buy Steven Webster Individual 04. Mar 20 05. Mar 20 300,000 €1.75 €510,027
03. Mar 20 Buy Steven Webster Individual 28. Feb 20 03. Mar 20 600,000 €1.91 €1,130,425
03. Mar 20 Buy Barbara Faulkenberry Individual 28. Feb 20 28. Feb 20 5,050 €1.80 €9,071
18. Nov 19 Sell Paulson & Co. Inc. Company 14. Nov 19 15. Nov 19 -11,254,860 €4.14 €-44,576,679
09. Sep 19 Buy Paulson & Co. Inc. Company 15. Jul 19 14. Aug 19 21,593,523 €5.14 €111,007,031
27. Aug 19 Buy Barbara Faulkenberry Individual 27. Aug 19 27. Aug 19 2,415 €3.75 €9,050
X
Management checks
We assess Callon Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Callon Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in Permian Basin in West Texas. As of December 31, 2019, its estimated net proved reserves totaled approximately 540 million barrel of oil equivalent, including 346.4 MMBbls oil, 757.1 Bcf of natural gas, and 67.5 MMBbls of natural gas liquids. The company was founded in 1950 and is headquartered in Houston, Texas.

Details
Name: Callon Petroleum Company
CE5
Exchange: DB
Founded: 1950
$173,194,056
396,684,449
Website: http://www.callon.com
Address: Callon Petroleum Company
One Briarlake Plaza,
2000 W. Sam Houston Parkway South,
Houston,
Texas, 77042,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CPE Common Stock New York Stock Exchange US USD 19. Sep 1994
DB CE5 Common Stock Deutsche Boerse AG DE EUR 19. Sep 1994
BRSE CE5 Common Stock Berne Stock Exchange CH CHF 19. Sep 1994
BMV CPE * Common Stock Bolsa Mexicana de Valores MX MXN 19. Sep 1994
Number of employees
Current staff
Staff numbers
475
Callon Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 20:30
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.